full image - Repost: Corn’s Floor is Higher than bears think (from Reddit.com, Corn’s Floor is Higher than bears think)
Mining:
Exchanges:
Donations:
I’ve been seeing some nonsense with the recent dip like ‘Back to $9K we go’ or ‘Bitcoin will go to zero.’ Here’s why the old Lows are irrelevant and why Bitcoins Floor is higher than bears think. It’s math…Current Market Dynamics:Bitcoin’s total market cap absorption by financial institutions recently hit a massive $60.8 billion and it ain’t stopping with Hong Kong jumping into the mix. Coupled with the fact that 60% of BTC is proven to be held for long-term investment and another 20% potentially ‘lost’, we’re looking at a scarcity that your favorite meme stocks could only dream of. Another kicker? Satoshi, the mythical creator, is sitting on approximately 1.1 million BTC, presumed never to be sold.What’s Up with the Halving? In four days, the Bitcoin network undergoes its next halving, slicing the daily new supply from 900 BTC to just 450 BTC. This isn’t just a minor tweak; it’s a seismic supply shock. Halvings historically trigger price increases, but let’s not rely on history alone — let’s talk economics and miner incentives.Miner’s Breakeven Point: The cost to mine a single Bitcoin varies but typically ranges between $20,000 to $30,000, considering the most efficient operations worldwide. This cost provides a natural floor for Bitcoin’s price, as miners would rather hold than sell at a loss, reducing the sell-side pressure in the market.ETFs and Institutional Holding…Assume ETFs will never see a net negative month of outflows. This isn’t just bullish; it’s a fortress wall against downward price spirals. Combined with long-term hodlers who aren’t likely to unload more than 25% of their stash, you’re looking at a recipe for sustained demand and limited effective supply.The reason why it’s more diligent to just keep stacking 🌽 is this…the realistic floor price is way higher than ever before and will continue to rise. Considering the effective circulating supply after accounting for lost coins and Satoshi’s stash, and the reduced inflation post-halving, we’re looking at a market that’s tighter than Jellyroll’s nuts when he sings a high note.Even if paperhands hit a panic button, the economics of mining provide a cushy floor not far off today’s operational breakeven. We’re potentially looking at a $20,000 to $30,000 floor in the most bearish of scenarios. The next question is how high can 🌽 soar and that my friend is tbd. Even when consolidation happens, this is why I’m so bullish on the corn. Halving in four days, see you there boys and girls.
Social Media Icons